
Week 3: Digital Currency
Authored by Rufaida Auliar
Computers
9th - 12th Grade

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8 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the defining feature of digital currency
It is only available in physical form
It exists only electronically and has no physical form
It is managed by government institutions
It cannot be used for online transactions
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How can digital currency be used?
It can only be used for physical goods
It can be used like fiat currency to buy goods and services or transferred between accounts.
It is only used by banks to move money between them.
It is used exclusively for trading stocks.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the key issue with the central banking system when it comes to digital currency?
Inflation control
Confidentiality and security of transactions
Lack of physical cash reserves
Transaction speed
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What technology does cryptocurrency use o track transactions?
Database Systems
Password Protection
Cryptography
Financial institutions
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which system does tradition digital currency rely on?
Blockchain network
Central Banking System
Peer-to-Peer network
Decentralised computers
6.
MULTIPLE CHOICE QUESTION
30 sec • Ungraded
Cryptocurrency transactions are publicly available and cannot be tracked.
True
False
7.
MULTIPLE CHOICE QUESTION
30 sec • Ungraded
Cryptography does not involve encryption and decryption for securing information.
True
False
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